Short answer Yes. RESP withdrawals, grants, government student loans, and private student credit can all be part of the same school-year plan, but they have different tax, repayment, and reporting rules.
Decision area Student aid questions

Use the checks below to confirm whether the answer fits the family, provider, and school situation.

Verify 10 source links

Confirm the current rule before acting.

This answer is designed as a starting point. RESP rules can depend on residency, beneficiary age, income, provider support, plan type, and current government program rules.

Read next

RESP and student aid explains the broader decision and links to related tools.

Sources to confirm

Canada Student Grants and Loans Employment and Social Development Canada · checked 2026-05-23 Apply with your province or territory Employment and Social Development Canada · checked 2026-05-23 Canada Student Grants and Loans loan agreement Employment and Social Development Canada · checked 2026-05-23 Repay a student loan Employment and Social Development Canada · checked 2026-05-23 Student lines of credit Financial Consumer Agency of Canada · checked 2026-05-23 Learn about OSAP Government of Ontario · checked 2026-05-23 OSAP definition: Registered Education Savings Plans Ontario Student Assistance Program · checked 2026-05-23 2025-26 OSAP application for full-time students Ontario Student Assistance Program · checked 2026-05-23 Pay for education using the RESP Canada.ca · checked 2026-05-24 RESP payments, transfers, and rollovers Canada Revenue Agency · checked 2026-05-24